Authorization and Terms of Bonds. 13 (a) Authorization..................................... 13 (b)
Authorization and Terms of Bonds. (a) There is hereby authorized and created under this Indenture an issue of bonds designated as City of Forsyth, Montana, Pollution Control Revenue Refunding Bonds (Portland General Electric Company Project) Series 1998B. The total aggregate principal amount of Bonds that may be issued and Outstanding under this Indenture is expressly limited to $21,000,000 exclusive of Bonds executed and authenticated as provided in Section 2.07 hereof; provided however, that no Bonds shall be delivered hereunder until the Trustee receives a request and authorization of the Issuer signed by the Executive Officer to authenticate and deliver the principal amount of the Bonds therein specified to the purchaser or purchasers therein identified upon payment to the Trustee, for the account of the Issuer, of the sum specified in such request and authorization.
Authorization and Terms of Bonds. Section 2.01. Authorization and General Terms of Bonds 20 Section 2.02. Maturity and Interest 20 Section 2.03. Execution and Authentication of Bonds 20 Section 2.04. Source of Payment of Bonds 21 Section 2.05. Payment and Ownership of Bonds 21 Section 2.06. Registration and Transfer of Bonds 22 Section 2.07. Mutilated, Lost, Wrongfully Taken or Destroyed Bonds 22 Section 2.08. Cancellation of Bonds 23 Section 2.09. Delivery of the Bonds 23 Section 2.10. Book-Entry Only System 24 ARTICLE III REDEMPTION OF BONDS Section 3.01. Redemption of Bonds 26 Section 3.02. Partial Redemption 26 Section 3.03. Notice of Redemption 26 Section 3.04. Payment of Redeemed Bonds 28 Section 3.05. Mandatory Tender 28 Section 3.06. Duties of Remarketing Agent 30 Section 3.07. Conditions Precedent to Remarketing of Bonds and Notice 30 Section 3.08. Remarketing of Bonds 31 ARTICLE IV REVENUES AND FUNDS Section 4.01. Creation of Funds 32 Section 4.02. Allocation of Bond Proceeds and Other Deposits 33 Section 4.03. Bond Fund. 33 Section 4.04. Project Fund. 34 Table of Contents (continued) Page Section 4.05. Costs of Issuance Fund. 35 Section 4.06. Collateral Fund. 35 Section 4.07. Completion of the Project 35 Section 4.08. Expense Fund. 36 Section 4.09. Rebate Fund. 36 Section 4.10. Investment of Special Funds and Rebate Fund. 36 Section 4.11. Money to Be Held in Trust 38 Section 4.12. Valuation 38 Section 4.13. Nonpresentment of Bonds 38 Section 4.14. Repayment to the Borrower From the Bond Fund. 38 ARTICLE V THE TRUSTEE Section 5.01. Trustee’s Acceptance and Responsibilities 39 Section 5.02. Certain Rights and Obligations of the Trustee. 40 Section 5.03. Fees, Charges and Expenses of Trustee 43 Section 5.04. Intervention by Trustee. 43 Section 5.05. Successor Trustee. 44 Section 5.06. Appointment of Co-Trustee. 44 Section 5.07. Resignation by the Trustee. 45 Section 5.08. Removal of the Trustee. 45 Section 5.09. Appointment of Successor Trustee. 45 Section 5.10. Adoption of Authentication 46 Section 5.11. Dealing in Bonds 47 Section 5.12. Representations, Agreements and Covenants of Trustee. 47 Section 5.13. Interpleader 47 Section 5.14. Survival of Certain Provisions 47 Section 5.15. Information for Rating Agency and Notice of Certain Events 47 Section 5.16. Statements 48 ARTICLE VI
Authorization and Terms of Bonds. SECTION 3.1. PRINCIPAL AMOUNT OF BONDS; DESIGNATION OF BONDS; CONDITIONS TO
Authorization and Terms of Bonds. For the purposes of 37 capitalizing interest on the Series 2020 A Bonds, funding the Reserve Account for the Series 38 2020 A Bonds, paying Costs of the Project not otherwise provided for, paying costs of issuance 39 of the Series 2020 A Bonds and related costs, or any or all of such purposes, as determined by 40 the Supplemental Resolution, there shall be and hereby are authorized to be issued the Series 41 2020 A Bonds of the City. The Series 2020 A Bonds shall be issued in one or more series as set 42 forth in the Supplemental Resolution, designated as “Sewerage System Revenue Bonds”, in an 43 aggregate principal amount of not more than $16,000,000. The Series 2020 A Bonds shall be 44 issued in such principal amounts, shall have the series designation, shall be dated as of the date 45 of delivery thereof, shall bear interest at such rate or rates, not exceeding the then legal 46 maximum rate, and shall mature at such times and in such amounts as shall be set forth in the 1 Supplemental Resolution. The repayment of principal and interest on the Series 2020 A Bonds 2 shall be as set forth in the Supplemental Resolution. The Series 2020 A Bonds shall contain 3 such other terms, provisions, conditions and limitations, all as provided by this Ordinance and as 4 the Council of the City shall prescribe by resolution (or by supplemental or amendatory 5 ordinance of said Council as said Council shall determine) adopted in connection with the sale of 6 such Bonds. 8 If the Series 2020 A Bonds are sold to the Authority, they shall be payable as to 9 principal at the office of the Paying Agent in any coin or currency which, on the dates of 10 payment of principal is legal tender for the payment of public or private debts under the laws of 11 the United States of America. Interest on the Series 2020 A Bonds shall be paid by check or 12 draft mailed to the registered owner thereof at the address as it appears on the books of the Bond 13 Registrar. 15 Each series of Series 2020 A Bonds shall be issued in fully registered form, in 16 such denominations and shall have such terms as set forth in the Supplemental Resolution. The
Authorization and Terms of Bonds. (a) There is hereby authorized and created under this Indenture an issue of bonds designated as Port of Xxxxxx, Oregon, Pollution Control Revenue Refunding Bonds (Portland General Electric Company Project) Series 1998A. The total aggregate principal amount of Bonds that may be issued and Outstanding under this Indenture is expressly limited to $23,600,000 exclusive of Bonds executed and authenticated as provided in Section 2.07 hereof; provided however, that no Bonds shall be delivered hereunder -13- Port of Xxxxxx Series 1998A Trust Indenture until the Trustee receives a request and authorization of the Issuer signed by the Executive Officer to authenticate and deliver the principal amount of the Bonds therein specified to the purchaser or purchasers therein identified upon payment to the Trustee, for the account of the Issuer, of the sum specified in such request and authorization.
Authorization and Terms of Bonds. 13 Section 2.02 Execution of Bonds ...................................... 25 Section 2.03 Transfer and Exchange of Bonds .......................... 27 Section 2.04 Bond Register ........................................... 27 Section 2.05 Bonds Mutilated, Lost, Destroyed or Stolen .............. 27 Section 2.06 Disposition of Cancelled Bonds .......................... 28 Section 2.07 CUSIP Numbers ........................................... 28 Section 2.08 Other Obligations ....................................... 28 Section 2.09
Authorization and Terms of Bonds. 18 2.2. Execution of Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 2.3. Transfer and Exchange of Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 2.4. Bond Register . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 2.5. Reserved . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 2.6. Bonds Mutilated, Lost, Destroyed or Stolen . . . . . . . . . . . . . . . . . . . . . . . . 30 2.7. Disposition of Cancelled Bonds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 2.8. CUSIP Numbers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30
Authorization and Terms of Bonds. SECTION 2.01 Amount, Form and Issuance of Bonds................................................................. 14 SECTION 2.02 Designation, Denominations, Maturity, Dated Dates, Interest Accrual and Tender..................... 14 SECTION 2.03 Weekly Rate........................................................................................ 15 SECTION 2.04 Term Rate.......................................................................................... 16 SECTION 2.05 Conversion at Option of Borrower................................................................... 17 SECTION 2.06 Execution and Authentication of Bonds.............................................................. 18 SECTION 2.07 Source of Payment of Bonds......................................................................... 18 SECTION 2.08 Payment and Ownership of Bonds..................................................................... 18 SECTION 2.09 Registration, Transfer and Exchange of Bonds....................................................... 19 SECTION 2.10 Mutilated, Lost, Wrongfully Taken or Destroyed Bonds............................................... 20 SECTION 2.11
Authorization and Terms of Bonds. Section 3.1. Principal Amount of Bonds; Designation of Bonds; Conditions to Delivery.
